Rolling our SQ put contracts to a lower strike price.
This lets us lock in profits, frees up cash for new trades, and reduces our capital at risk.
- Sell (to close) the SQ January 21st $200 Puts
- Buy (to open) the SQ January 21st $180 Puts
- Limit: CREDIT of $16.00 or more
- New position will represent roughly 9.8% of our Spec Model Capital
~~~~~~~~~ - 9:51 Executed
- Sold SQ Jan 21st $200 Puts @ $35.67
- Bot SQ Jan 21st $180 Puts @ $19.67
- Net Credit: $16.00